Renewable Energy Industry.com

Renewable Energy Industry.com

Current press releases from the energy industry

03 April 2007

Trend: Investors Continue to Back Renewable Energy Sources – RENIXX up by 25 Per Cent in First Quarter 2007

Münster (iwr press service) – share performance in the renewable energy industry has continued its unbroken upward trend in the first quarter of this year. The global stock index RENIXX (Renewable Energy Industrial Index) was up 25 per cent in the first three months, far out-performing other indices such as the DAX (+ 4.9 %) and TecDAX (+ 13.2 %), reports the International Economic Platform for Renewable Energies (IWR) in Münster, Germany.

“The legally binding expansion targets for renewable energy sources in the EU, the global climate debate and now the oil price rising again are the key factors behind the good RENIXX performance,” says IWR Director Dr. Norbert Allnoch. In Germany, the mood in the renewables industry has lifted considerably, especially following the EU rulings. The business climate index for the renewable energy industry, which has been published by the IWR since 2004, jumped to 114.7 points in March (February: 105.9), bringing it back almost to the heights of December 2006.